Sunday, July 26, 2009

Tellabs Reports Q2 Revenue of $385 Million, Down 11% YoY

Tellabs' second-quarter 2009 revenue totaled $385 million, compared with $432 million in the second quarter of 2008. Tellabs earned $16 million or 4 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with $39 million or 10 cents per share in the year-ago quarter, which included a tax benefit of 9 cents per share.

The company said more than half of overall revenue came from growth products, including the Tellabs 6300, 7100, 8600 and 8800 systems and professional services.

GAAP gross profit margin was 43.5% in the second quarter of 2009, compared with 34.7% in the year-ago quarter. The company generated $64 million in cash from operations and added $58 million to its cash, cash equivalents and marketable securities, which rose to more than $1.2 billion.

For the second quarter of 2009, Broadband segment revenue was $210 million, Transport segment revenue was $119 million and Services segment revenue was $56 million.